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New Deal


Announced

CVS Health to acquire IlliniCare Health Plan from Centene.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Pending

Private

Single Bidder

health plans

Majority

Friendly

United States

Health Care Services

insurance

Domestic

health care services

Insurance Brokers

Synopsis

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CVS Health, an American healthcare company, agreed to acquire IlliniCare Health Plan, a Medicaid health plans provider, from Centene, a diversified, multi-national healthcare enterprise. Financial terms were not disclosed. "Expanding our Medicaid and Medicare Advantage presence in Illinois will allow us to serve more members with our proven holistic approach that addresses physical, behavioral and social determinants of care. We look forward to working with Centene on a seamless transition and developing a deeper relationship with the state and local providers," Karen S. Lynch, CVS Health Executive Vice President.

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